Leo Wealth LLC Acquires 543 Shares of Oracle Co. (NYSE:ORCL)

Leo Wealth LLC increased its stake in Oracle Co. (NYSE:ORCL) by 9.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,274 shares of the enterprise software provider’s stock after purchasing an additional 543 shares during the period. Leo Wealth LLC’s holdings in Oracle were worth $1,069,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Fairway Wealth LLC bought a new position in Oracle during the second quarter worth about $27,000. POM Investment Strategies LLC acquired a new stake in Oracle during the 2nd quarter worth $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle during the second quarter worth about $35,000. Koesten Hirschmann & Crabtree INC. acquired a new position in Oracle in the first quarter valued at about $38,000. Finally, Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle during the first quarter worth about $40,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of NYSE ORCL traded up $1.11 during mid-day trading on Tuesday, hitting $174.87. 2,464,446 shares of the stock traded hands, compared to its average volume of 8,410,153. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The company has a market cap of $481.92 billion, a PE ratio of 47.19, a price-to-earnings-growth ratio of 3.25 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $178.61. The firm has a 50 day simple moving average of $157.11 and a two-hundred day simple moving average of $139.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the firm earned $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 42.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. increased their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research note on Monday, September 9th. UBS Group reissued a “market outperform” rating on shares of Oracle in a research report on Friday. Mizuho increased their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective on the stock in a research note on Monday, September 16th. Finally, Morgan Stanley raised their target price on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $168.67.

Oracle Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.